Continuing to move higher as the Dow gained 92 points on good volume. The advance/declines were 2 to 1 poisitve. The summation index is now moving up. The overall market was stronger than the Dow. New all time highs for some indices as there is no overhead resistance. The jobs report came in about where expected and did not have a huge effect on trading in my view. The S&P 500 is short term overbought on some of the technical indicators. There is also a potential negative divergence with the RSI. If things hold up until the middle of next week, I'll be looking at the SPY February puts. GE was off a nickel and the volume was pretty light. Gold bounced back $17 on the April futures as the US dollar was lower. The XAU climbed 4 points, while GDX added 3/4. Volume was light. My GDX February calls are showing a small profit. Not exactly sure how long I'll hold on to this trade. The short term techncial indicators are nowhere near overbought but the Bollinger bands are beginning to contract. This doesn't give GDX a lot of room to move up normally. I'll consider my choices on what to do here over the weekend. Mentally I'm feeling OK. The VIX continued lower and is now oversold. This is a plus if I decide to try the SPY puts next week. Not a plus for the GDX call trade though because if the market does drop it will most likely take the gold shares with it. However for now though the trend for stocks is up until proven otherwise. The weekly candlestick chart for the S&P 500 is positive with a white bullish candle for this past week. The volume was lacking though and that is somewhat of a concern. Plenty to ponder over the weekend while checking all the charts. What to do about the GDX call trade will be addressed as well. Two weeks to go in the Feruary option cycle so there is plenty of time for price movement. Asia was higher with Europe mixed to finish up the week overseas. It's Friday afternoon and time for a break.